Employees Provident Fund Organization (EPFO), It has decided to provide a benefit of up to Rs 50,000 to its provident fund account holders members.
It is necessary that the PF Account Holders Employee Provident Fund (EPF) scheme has been contributed for 20 years or more
Benefit from Rs 30,000 to Rs 50,000 for EPFO account holders:
a) Members with 5,000 basic wage will get 30,000 rupees for retirement.
b) Similarly, members with average basic wage will get 40,000 rupees for a sum of Rs 5,001 and Rs 10,000.
c) Monthly wage members will receive up to Rs 50,000 in benefit.
2.5 lakhs Minimum Sum Assured:
EPFO has decided that now after the death of some members, Employee Deposit Linked Insurance Scheme, under EDLi, was given minimum Sum Assured of 2.5 lakh rupees .
Even though Employee has been in the job for 1 year. Maximum 6 lakh rupees for the sum assured if the deaths of Members under the EDLI scheme
8.65 percent interest on PF deposits .
EPFO members will get 8.65 per cent interest on PF deposits for 2016-17.
PF to be removed from mobile app